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Type of Role: InvestmentsResearch

Experience Level: Analyst/Associate

Location: New York, New York

Salary: $150K - $225K

Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management as well as wealth management and investment management via Goldman Sachs Personal Financial Management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and tailor-made financial products. It also owns Goldman Sachs Bank USA, a direct bank. It trades both on behalf of its clients (flow trading) and for its own account (proprietary trading). The company invests in and arranges financing for startups, and in many cases gets additional business as bookrunner when the companies launch initial public offerings. Details below.

Overview:

The Private Equity business within Goldman Sachs Asset Management makes direct equity investments across North America and Europe in a broad range of industries, and we seek to maximize investment value through operational and financial value creation. Our goal is to achieve long-term capital appreciation by committing equity to high quality companies with strong management teams.

Associates in Private Equity work on small sector-focused teams responsible for the acquisition and management of investments. You will be involved in a wide range of high-profile transactions, which may include management buyouts, take-privates, add-on acquisitions, build ups, restructurings, recapitalizations, and dispositions.

This opportunity is with the Private Equity team’s Financial Services vertical. The Financial Services team invests broadly across a wide range of sub-sectors, including financial software and services, payments, investment management, insurance and insurance services, specialty finance, and information and data services. The team is primarily focused on cash-flow / EBITDA-driven businesses, and most of the existing assets in the vertical have a traditional LBO profile; although the team is also experienced in investing in other FIG assets, including balance sheet businesses. The current team is lean and will expect the new hire to take responsibility across a wide range of sourcing, diligence, deal execution, and portfolio management workstreams.

Responsibilities:

We are looking for highly motivated associates to be integrally involved in all aspects of private equity investing. The candidate will work directly with managing directors, vice presidents and associates as part of small teams that are responsible for the diligence, acquisition, structuring and management of investment opportunities. Examples of responsibilities include:

  • Building and maintaining comprehensive financial models
  • Researching and assessing potential investment opportunities
  • Assisting in developing investment theses
  • Undertaking significant due diligence responsibilities and coordinating with third party diligence advisors
  • Participating in investment approval process
  • Reviewing and analyzing investment opportunities
  • Participating in structuring, negotiating, and documenting investments
  • Interacting with senior company executives and industry experts to support views and generate ideas
  • Building relationships with management teams and partners
  • Participating in the monitoring of new and existing investments
  • Supporting portfolio companies in strategic and operational projects including acquisitions, financings, asset sales, and capital allocation decisions

Qualifications:

In selecting candidates, we look for individuals who have a commitment to excellence, a demonstrated interest in investing, and strong skills in finance. Other specific skills include:

  • 3-4+ years of experience across investment banking and private equity roles
  • Bachelor’s degree required
  • Series 79 required
  • Strong financial analysis / modeling experience
  • Ability to adapt quickly to a variety of industries and businesses
  • Ability to self-direct, analyze and evaluate and form independent judgments
  • Investment acumen
  • Excellent communication and writing skills
  • Resourceful approach to problem-solving
  • Ability to interact and build relationships with a wide range of people
  • Top-tier teamwork skills
  • Detail orientation

Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.